Chainlink has published a new white paper called Chainlink 2.0: Next Steps in the Evolution of Decentralized Oracle Networks. The new whitepaper outlines an ambitious vision for the future of smart contracts.
Chainlink’s new white paper outlines a long-term, multi-year vision for the future of oracle-powered smart contracts. The article states that “Decentralized Oracle Networks will create a decentralized metal layer that enhances smart contracts with highly scalable, confidential and secure off-chain computing formats in addition to the external data feeds Chainlink supports today.”
The Chainlink 2.0 White Paper is over 100 pages long and represents a year of work by the Chainlink team.
Written by a team of academic researchers from computer science fields such as security, cryptography, distributed systems, game theory, and mathematics, the article outlines a new architecture for the creation of hybrid smart contracts where Decentralized Oracle Networks offer all the capabilities that blockchains cannot offer.
The new tier enables a Chainlink Decentralized Services suite that powers a variety of secure, smart contract applications that can support a wider set of use cases than is currently available.